Trump's tariffs spark trade war: Canada, Mexico and China react!

Trump's tariffs spark trade war: Canada, Mexico and China react!

Washington, USA - President Donald Trump made his threat true and raises new tariffs on steel and aluminum imports from Mexico, Canada and China. These tariffs are 25 percent for neighboring countries and 10 percent for all products from China. These measures, which are to take effect in the next few days, have announced by Trump during a flight to the Super Bowl, as OE24 . It will also introduce so -called "mutual tariffs", which means that the United States will also collect tariffs on products if other countries do so. This strategy could additionally burden trade relationships with the countries concerned.

The reactions to Trump's customs policy are not long in coming. Mexico, the most important trading partner of the United States, has already announced countermeasures because the tariffs could increase the inflation rate and result in the loss of jobs. Over 80 percent of exports Mexicos go to the United States, such as Tagesschau . Canada, who works closely with the USA in the auto industry, will also be hit hard. The tariffs could make Canadian products more unattractive on the US market and have a negative impact on projects such as the planned battery production of Volkswagen in Ontario.

episodes for China and the EU

China also feels the effects of Trump's tariffs. The Chinese economy, which is already trimmed, could continue to be burdened by the new tariffs. Beijing may already be targeting retaliation measures against US products. The EU, on the other hand, could be the next target for Trump's trade policy because it has announced that it can also collect tariffs on goods from Europe. The EU Commission has already warned of the economic disorders that could arise from the new tariffs.

Trump argues with a huge trade deficit from the United States to the EU and sees the tariff as a necessary measure to strengthen the American economy. The new customs policy has the potential not only to burden relationships between the United States and the affected countries, but also to destabilize international trade relationships as a whole.